EARNINGS: IBM and Microsoft drove the Dow Jones industrial average higher Friday after the tech giants reported stronger earnings than analysts expected.
TECH-POWERED: Microsoft rose 6 percent and IBM rose 4 percent. The Dow rose 96.50 points to close at 12,720.48. Without the huge gains in IBM and Microsoft, the Dow would have risen just 24 points. The three major stock indexes ended the week higher.
GOOGLED: Google lost 8.4 percent after its earnings per share fell a dollar short of analysts' estimates. The misfire stemmed from an 8 percent drop in prices that the Internet search giant charges advertisers for each click.
1 comment